Continuation Rights Sample Clauses

Continuation Rights. If an Employer ceases participating in the Trust, any current or former employees of the Employer who have elected or have the right to get continuation coverage pursuant to federal continuation laws will have their coverage terminated as of the last day of the month in which the Employer’s active employees cease participation in the Trust. Any further continuation rights will be the responsibility of the Employer except when federal law requires to the contrary.
Sample 1Sample 2Sample 3See All (12)
AutoNDA by SimpleDocs
Continuation Rights. COORDINATION AMONG CONTINUATION RIGHTS SECTIONS
Sample 1Sample 2Sample 3See All (8)
Continuation Rights. Purchaser shall have no obligation or liability to providing continuation of coverage under any group health plan maintained by Seller or any other ERISA Affiliate ("Continuation Rights") to any employees of Seller who were employed prior to Closing.
Sample 1Sample 2
Continuation Rights. (a) Except as explicitly set forth in this Agreement or in any Continuing Relationship Document, including Section 6.2, Section 6.3, Section 6.4 and Section 6.5 of this Agreement, (i) both Purchaser and the Selling Companies retain all rights to continue in their respective businesses, (ii) the Selling Companies retain all rights to maintain their current businesses without limitation, and (ii) all remaining assets not included in the Transferred Assets shall remain under the exclusive control and ownership of the Selling Companies. (b) This Agreement is not intended to violate any free trade laws or restrictions, and each Selling Company and Purchaser (i) has carefully read and understands the restrictive covenants set forth in this Agreement, including Section 6.2, Section 6.3, Section 6.4 and Section 6.5 of this Agreement, and has had the opportunity for such sections to be reviewed by counsel, and (ii) acknowledges that the duration, geographical scope and subject matter of the restrictive covenants set forth in this Agreement, including Section 6.2, Section 6.3, Section 6.4 and Section 6.5 of this Agreement, are reasonable and necessary to protect the goodwill, customer relationships, legitimate business interests, trade secrets and confidential and proprietary information of the Applicable Businesses and the Purchaser and do not violate any free trade laws or restrictions. (c) As addressed in more detail in Section 6.7, each Selling Company and Purchaser agree that if the final judgment of a court of competent jurisdiction declares that any term or provision of any restrictive covenant set forth in this Agreement, including in Section 6.2, Section 6.3, Section 6.4 and Section 6.5, is invalid or unenforceable, each Selling Company and Purchaser agree that the court making the determination of invalidity or unenforceability shall have the power to reduce the scope, duration, or area of the term or provision, to delete specific words or phrases, or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision, and this Agreement shall be enforceable as so modified after the expiration of the time within which the judgment may be appealed.
Sample 1
Continuation Rights. All benefits and coverages will cease on the effective date of my termination, except in accordance with the terms of the benefit plan or applicable law.
Sample 1
Continuation Rights. COORDINATION AMONG CONTINUATION RIGHTS SECTIONS AN IMPORTANT NOTICE ABOUT CONTINUATION RIGHTS The following COBRA CONTINUATION RIGHTS section may not apply to the Employer's Contract. The Employee must contact his or her Employer to find out if: the Employer is subject to the COBRA CONTINUATION RIGHTS section in which case; the section applies to the Employee. COBRA CONTINUATION RIGHTS (Generally applies to employer groups with 20 or more employees) Important Notice
Sample 1
Continuation Rights. HealthPartners agrees to provide continuation coverage, as specified in the Group Membership Contract referenced herein, for an Employee or Dependent who is no longer eligible under the terms of this Master Contract.
Sample 1
AutoNDA by SimpleDocs

Related to Continuation Rights

  • Continuation of Agreement This Agreement shall become effective for each Fund as of the date first set forth above and shall continue in effect for each Fund until August 1, 2007, unless sooner terminated as hereinafter provided, and shall continue in effect from year to year thereafter for each Fund only as long as such continuance is specifically approved at least annually (i) by either the Board of Directors or by the vote of a majority of the outstanding voting securities of such Fund, and (ii) by the vote of a majority of the Directors, who are not parties to the Agreement or interested persons of any such party, cast in person at a meeting called for the purpose of voting on such approval. The annual approvals provided for herein shall be effective to continue this Agreement from year to year if given within a period beginning not more than 90 days prior to August 1st of each applicable year, notwithstanding the fact that more than 365 days may have elapsed since the date on which such approval was last given.

  • Termination Rights 17.1 In addition to any other termination rights it has, the Department may terminate this Contract at any time by issuing a Notice to the Training Provider. Such a termination will take effect 20 Business Days after the Notice takes effect under Clause 14.2, or at any later time specified in the Notice. 17.2 If the Department terminates this Contract under Clause 17.1, it will determine and pay: a) amounts that, in its reasonable opinion, are due and payable under Clause 8 as at the date of termination; and b) reasonable costs (but not including loss of profit or income) that, in its reasonable opinion, have been necessarily and directly incurred by the Training Provider as a result of the termination, provided that the Training Provider has, to the reasonable satisfaction of the Department: i) used its best efforts to minimise any costs arising as a result of the termination; and ii) provided adequate documentary evidence to substantiate those costs. 17.3 This Contract may be terminated at any time by written agreement between the Parties. 17.4 The Department may terminate this Contract immediately by issuing a Notice to the Training Provider if: a) the Training Provider commits a Material Breach; b) the Training Provider commits a breach of this Contract (whether or not it is a Material Breach) which cannot be remedied; c) the Training Provider commits a breach of this Contract (whether or not it is a Material Breach) and it: i) fails to commence action to remedy the breach within 10 Business Days after the Department has served a Notice requiring it to do so; or ii) having commenced action to remedy the breach, fails to complete that action as soon as possible and in any event within 20 Business Days of the Department's Notice; d) without limiting paragraphs (a) to (c), the Training Provider fails to provide some or all of the Training Services for which Funds have been claimed and/or paid or any such Training Services are not provided to a standard satisfactory to the Department; e) there has been any fraud, or the Department reasonably suspects any fraud, relating to the Training Provider or the Funds, or there has been any misappropriation of Funds by the Training Provider or any other misleading or deceptive conduct on the part of the Training Provider in connection with this Contract or the claiming, receipt or use of the Funds; f) the Training Provider’s registration as a registered training organisation under the Act or the National Act is suspended, withdrawn, cancelled or otherwise ceases; g) an Other VET Funding Arrangement Termination Event occurs;

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!